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A $1 billion gift from Michael Bloomberg to Johns Hopkins University, announced on Monday, will allow most students at the university’s medical school to attend free of cost and will also increase financial aid for other students in the university’s schools of nursing and public health and other graduate programs. Bloomberg Philanthropies, which oversees Mr. Bloomberg’s charitable efforts, said in a statement that the gift would ensure that “the most talented aspiring doctors representing the broadest range of socio-economic backgrounds will have the opportunity to graduate debt-free” from the university. Starting with the fall semester, Johns Hopkins will offer free tuition for medical students from families that earn less than $300,000 annually, Bloomberg Philanthropies said. The university will also pay for living expenses and other fees for students from families earning up to $175,000. Mr. Bloomberg, a former mayor of New York City and a graduate of Johns Hopkins, said in a statement that the high cost of medical school and graduate school “too often bars students from enrolling” at a crucial time when the United States faces a shortage of medical professionals.
Persons: Michael Bloomberg, Bloomberg Philanthropies, Johns Hopkins, , Organizations: Johns Hopkins University, Bloomberg, Johns Locations: New York City, United States
This story is available exclusively to Business Insider subscribers. AdvertisementThe difficulties are reportedly creating tensions between Musk and X CEO Linda Yaccarino. Randall Peterson, a professor of organizational behavior at London Business School, told Business Insider that any company struggling like X would suffer leadership tensions. Leadership shake-upAmid the increasing financial pressure, Musk and Yaccarino have also been shaking up the company's leadership. X did not respond to a request for comment from Business Insider.
Persons: , Musk, Linda Yaccarino, Randall Peterson, she's, Yaccarino, Jerod Harris, Mark Read, Steve Davis, Davis, Joe Benarroch, Nick Pickles, Matt Navarra, it's, Navarra, Gwynne Shotwell, Amanda Edwards, Peterson Organizations: Service, Elon Musk's, Twitter, Business, YouTube, London Business School, Times, Microsoft, Cannes Lions, WPP, Brit, Social, SpaceX, Investors
The company wants to sell just under 3,300 Ocean electric SUVs to American Leasing, lawyers said at a Wednesday hearing reported by TechCrunch. This story is available exclusively to Business Insider subscribers. Even as it prepared to deliver vehicles last year, it was scavenging parts from the personal EVs of the company's CEO and its CFO, Business Insider reported last month. It said selling 200 of the vehicles to American Leasing on an abbreviated timeline would bring in crucial cash to make payroll next month. Some creditors, including people who previously bought Fisker vehicles, are worried that the company will run out of resources to pay its debts and support owners.
Persons: , Uber, Fisker, Linda Richenderfer Organizations: Service, American Leasing, TechCrunch, Business, Street, US, Office, Justice Department Locations: New York
At the height of their careers, former defense ministers Li and Wei often struck a tough tone before the world’s top military officials. Former Defense Ministers Li Shangfu and his predecessor Wei Fenghe have both been expelled from the Communist Party over corruption allegations. Most of the generals dismissed or disappeared without explanation last year were linked to the Rocket Force or military equipment, including Li and Wei. An engineer by training, the 66-year-old spent decades launching rockets and satellites in southwest China before being promoted to the PLA headquarters to deal with military equipment procurement. “The gun barrel must always be held in the hands of those who are loyal and reliable to the party,” Xi told the PLA elites.
Persons: Hong Kong CNN —, Xi, Li Shangfu, Wei Fenghe, Xi Jinping, Li, Wei, , James Char, , Former Defense Ministers Li Shangfu, Wei’s, Joel Wuthnow, ” Wuthnow, ” Char, Weidong, Char, Jason Lee, Xu Caihou, Guo Boxiong, Xu, Guo, Wuthnow, Jiang Zemin, haven’t, ” Wei, Li “, Bill Bishop, ” Xi Organizations: Hong Kong CNN, Communist Party, People’s Liberation Army, PLA, Rajaratnam, of International Studies, Former Defense Ministers, AP, Reuters, Rocket Force, Development Department, Second Artillery Corps, Pentagon, National Defense University, CCP, China’s Naval University of Engineering, Central Military Commission, Military, People's, CMC, Communist Locations: China, Hong Kong, Taiwan, United States, Singapore, People's Republic of China, Beijing, Yan’an
Each year, close to two million people watch Nathan’s hot dog eating contest on ESPN, according to the frankfurter brand. Boys participating in a pie eating contest at the 4-H Club fair in Cimarron, Kansas. At the time, PR mavens Max Rosey and Mortimer Matz thought a hot dog eating competition would drum up some publicity for Nathan’s. (They also seem to have made up the legend that the first Nathan’s contest was held in 1916). “We love the Nathan’s hot dog eating competition because we love how it brings the city together,” Fellman said, standing with a group of her friends, all wearing Nathan’s hot dog eating contest T-shirts.
Persons: Jacqueline Lewis, ” Lewis, franks, frankfurter, Joey Chestnut, Apuleius ’, , Jason Fagone, Fagone, , ” Fagone, Corbis, Adrienne Bitar, Max Rosey, Mortimer Matz, Melody Andorfer, George, Richard Shea, George Shea, , Shea, Rosey, ” George Shea, Henry S, Dziekan, it’s, ” Shea, ’ ” Shea, Takeru Kobayashi, Kobayashi, Kazutoyo Arai, Spencer Platt, ” Bitar, ” Kobayashi, Bitar, you’re, , Kena Betancur, ” Beatrice Fellman, ” Fellman, Bass Organizations: New, New York CNN, CNN, ESPN, Boys, Cornell University, , Nathan’s, League, LA Times, Netflix Locations: New York, Coney Island, Coney, United States, Pennsylvania, Cimarron , Kansas, , Long, New York City, Japan, Brooklyn , NY, America, Brooklyn, Kena
The front desk of the Amazon office is pictured in New York, May 1, 2019. Amazon is ramping up its development of artificial intelligence technology, hiring top talent from AI agent startup Adept and licensing the company's technology. Luan will oversee Amazon's "AGI Autonomy" division, and report to Prasad, he wrote in the memo, which CNBC obtained. Amazon's cloud unit has launched a range of AI services, including its own models, which are generally viewed as lagging behind the top competitors. Last month, Amazon announced Adam Selipsky, the head of Amazon Web Services, would be stepping down and succeeded by Matt Garman, the head of sales at marketing at AWS.
Persons: Rohit Prasad, David Luan, Luan, Prasad, Geekwire, Anthropic, Adam Selipsky, Matt Garman Organizations: CNBC, Amazon, Microsoft, Google, Alexa, Amazon Web Services, AWS Locations: New York
A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. WASHINGTON — The Supreme Court on Friday overturned a 40-year-old precedent that has been a target of the right because it is seen as bolstering the power of "deep state" bureaucrats. It is the latest in a series of rulings in which the conservative justices have taken aim at the power of federal agencies. The ruling was 6-3 with the conservative justices in the majority and liberal justices dissenting. The Trump administration had embraced the war on "deep state" agency power, selecting judicial nominees in part based on their hostility to the federal bureaucracy.
Persons: WASHINGTON —, Chevron, John Roberts, Elena Kagan, Reagan, Magnuson, Trump, Gorsuch, Kavanaugh, Barrett, Joe Organizations: U.S, Supreme, WASHINGTON, Chevron, Natural Resources Defense, Liberal, Republican, Democratic, National Marine Fisheries Service, Stevens Fishery Conservation, Management, Trump Locations: Washington , U.S, New England
CNN —Cambodian strongman leader Hun Sen has thrown his weight behind a new homegrown messaging app, which critics say is a way for the government to monitor and undermine political discussion in the country. One of the world’s longest-serving leaders, Hun Sen has ruled Cambodia with an iron fist for more than three decades. Though his eldest son, Hun Manet, succeeded him as prime minister last year, Hun Sen remains the ruling party’s center of power. Greater online surveillanceInternet freedom in Cambodia has experienced a drastic regression under Hun Sen’s rule, rights groups say. CNN has reached out to Hun Sen’s office for comment.
Persons: Hun Sen, WhatsApp, , Vietnam’s, Hun Manet, Lim Cheavutha, Hun Sen’s, Hun, Mu Sochua, leader’s, China’s, , Sam Rainsy, ” Sam Rainsy Organizations: CNN, Facebook, US State Department, United Nations, Meta, Reuters, Communist Party, CoolApp Locations: Cambodian, Cambodia, Southeast Asia
CNN —Early Wednesday morning, at 2am ET, imprisoned Wall Street Journal reporter Evan Gershkovich’s trial commenced before a Russian court on bogus espionage charges. “WSJ Reporter Evan Gershkovich, Falsely Accused of Espionage, Is Indicted in Russia,” the headline read. “This coverage should not read or sound as if this is a legitimate process,” Cherney said, imploring other newsrooms not to legitimize the proceedings or get trapped in bothsidesism while covering the story. It could take weeks or even months for a verdict to be handed down by the Russian court. But Cherney and her colleagues at The Journal are hoping that the U.S. government will succeed in freeing Gershkovich.
Persons: Evan Gershkovich’s, Vladimir Putin, , Evan, Emma Tucker, Elena Cherney, , ” Cherney, Gershkovich, Evan Gershkovich, Cherney, Organizations: CNN, The, U.S . Locations: Yekaterinburg, Russia, bothsidesism, United States, Gershkovich
WikiLeaks founder Julian Assange on Wednesday walked free after pleading guilty in a U.S. court in the Northern Mariana Islands, a U.S. commonwealth in the Pacific, to a felony charge for publishing U.S. military secrets. As part of the plea agreement, the U.S. is bound to withdraw its extradition request and recommended a sentence to time already served, with no additional fines issued. The WikiLeaks organization posted a statement on the X social media platform saying that Assange was due to fly to his native Australia. "Regardless of the views that people have about Mr. Assange's activities, the case has dragged on for too long. There's nothing to be gained by his continues incarceration, and we want him brought home to Australia.
Persons: Julian Assange, Assange, Barry Pollack, Chelsea Manning, Mr, Pollack, Anthony Albanese, " Albanese, London's, Stella Assange Organizations: Wednesday, U.S, U.S ., WikiLeaks, Bombardier Global Locations: U.S, Northern Mariana Islands, Saipan, Australia, Bangkok
The Vanishing Islands That Failed to Vanish
  + stars: | 2024-06-26 | by ( Raymond Zhong | Jason Gulley | ) www.nytimes.com   time to read: +26 min
The Vanishing Islands That Failed to Vanish Low-lying tropical island nations were expected to be early victims of rising seas. They found that over the past few decades, the islands’ edges had wobbled this way and that, eroding here, building there. No, to understand what really beguiles them about these islands, you need to take a dive into the surrounding sea. Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Islands HUVADHOO ATOLL Islands HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo A map of the Huvadhoo Atoll, a gourd-shaped ring of 241 islands in the southern Maldives. Huvadhoo Atoll is a gourd-shaped ring of 241 islands in the southern Maldives.
Persons: ” Charles Darwin, Darwin, bode, Arthur Webb, Paul Kench, “ I’m, Kench, Webb, Kench’s, Mohamed Aslam, Paul S, Aitana Gea Neuhaus, Gea Neuhaus, ” Ms, , ” Paul Kench, Gerd Masselink, Peter Ganderton, Curt Storlazzi, Tim Scott, Dr, Scott, , it’s, “ They’ve, munch, Storlazzi, Thoriq Ibrahim, Malé, Hariyya Ibrahim, Hariyya, Adam Shakir, Adam, Farhath Ibrahim, Mohamed Muizzu, Hussain Rasheed, Rakeedhoo, Ashiya, Ashiya’s Organizations: Graphics, University of Plymouth, National University of Singapore, Nature Communications, Airbus, Google, United States Geological Survey Locations: Maldives, INDIA, MALDIVES, Polynesia, Micronesia, Indian, Malé, Himandhoo, Huvadhoo, , England, Dhigulaabadhoo, Wade, Plymouth, grinned, Hulhumalé, New City, Sand, City, Towers City, Himandhoo’s, Rakeedhoo
The American Psychological Association highlights findings that people who find their jobs meaningful are more engaged, show up to work more, and are healthier. Many in those industries have begun to refer to their work as "fake email jobs" — office jobs that largely involve sending emails without producing anything. Other people have managed to juggle multiple full-time remote jobs thanks to the limited amount of work each job actually required. Working a useless job is a "profound psychological violence," Graeber wrote, one that removes any sense of dignity and fosters "deep rage and resentment." Short of everyone quitting to become their own CEO, employers will need to figure out how to make work feel meaningful for their staff.
Persons: it's, Zers, Pew, Gen Zers, I've, Graeber, David Graeber, Simon Walo, , Walo, Brendan Burchell, Burchell, Clay Routledge, Routledge Organizations: Pew Research, American Psychological Association, University of Zurich, University of Cambridge Locations: Italy, Spain, Sweden
“The financial impact it will directly have on us will take months to correct, if not years,” Callahan said. Tom McParland, the owner of Automatic Consulting, a national car buying service, said the outage was impacting customers because they have fewer dealers to choose from. “It limits the customer’s leverage.”Some dealers also can’t apply factory rebates without CDK’s software, so customers may miss out on money-saving deals. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. He told CNN he was able to buy the car but was unable to sign the title.
Persons: Ryan Callahan, ” Callahan, CDK, Tom McParland, , McParland, Michael Deveney, , ” Deveney, Katelyn Salvato, hasn’t, Salvato, , We’ve, they’ve, Scott Campbell, Nicolas, CNN they’ve, Don Aycock, Robbie Jacob, Jacob, Tekion Organizations: New, New York CNN, Mazda, North America, Automatic Consulting, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, , DMV, CNN, Massachusetts Department of Transportation, Capital City Buick GMC, Porsche, Buick, Diego —, Kia, Cox Automotive Locations: New York, Seekonk , Massachusetts, Lynn, Berlin , Vermont, Los Angeles, , Clay County , Florida, Diego
Washington CNN —Hunter Biden’s Washington, DC, law license has been suspended, according to a newly released order from a local court that pointed to his recent conviction on three gun crimes. The order was issued by Chief Judge Anna Elizabeth Blackburne-Rigsby of the DC Court of Appeals, which is the highest appellate court in DC and oversees the DC Bar. It is typical for bars in other states to reciprocate law license suspension or disbarment orders, meaning Biden’s license is also likely to soon be suspended in any other state where he is licensed. Biden has asked for a new trial in the gun case. During closing arguments in Biden’s gun trial, one of the prosecutors described him as a “Yale-educated defendant,” referring to the school where he earned his law degree.
Persons: Washington CNN — Hunter Biden’s, Anna Elizabeth Blackburne, David Weiss, Biden, Weiss, Boies Schiller, Flexner, Patrick Ho, Ho Organizations: Washington CNN, DC, of Appeals, DC Bar’s, Biden, Justice Department, GOP, Yale Locations: Washington CNN — Hunter Biden’s Washington, Wilmington , Delaware, Los Angeles, Hong Kong, Ho
Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.
Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas
Omar Al-qattaa | Afp | Getty ImagesIsraeli Prime Minister Benjamin Netanyahu signaled that the "intense" phase of fighting in the war-torn Gaza enclosure is close to ending, while stressing the broader war against Hamas wages on. "After the intense phase is finished, we will have the possibility to move part of the forces north. And secondly, to bring our [evacuated] residents home," Netanyahu said, according to a Reuters translation. Thousands of Israeli and Lebanese civilians have been displaced from their border-facing settlements amid fire exchanged since the October start of the Jewish state's war campaign against Palestinian militant group Hamas in the Gaza Strip. watch nowAsked when the intense stage of combat against Hamas will finalize, Netanyahu on Sunday said, "Very soon," according to a Google translation of the Channel 14 report.
Persons: Omar Al, Benjamin Netanyahu, Netanyahu, Israel Katz, Sayyed Hassan Nasrallah, Amos Hochstein, Annalena Baerbock Organizations: Afp, Getty, Channel, Palestinian, Hamas, Israeli Defense Forces, Lebanese, Sunday, Palestinian Authority, West Bank, Israel, Israeli Foreign, German, Monday, Reuters Locations: al, Gaza City, Israel, Palestinian, qattaa, Gaza, Lebanon, Iran, Rafah
Guenther Steiner likened being the team principal of Haas F1 to "being the CEO of a small company." "The good news is no two days are the same," said James Vowles, Williams Racing's team principal. Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the Miami Grand Prix, said the job was sort of like running a corporation. Brown said the top traits he looked for in a team principal were selflessness, a focus on performance, and a willingness to lead by example. "Andrea is a team principal that focuses on his team, putting his people first."
Persons: James Vowles, Guenther Steiner, , Williams, Rudy Carezzevoli, Vowles, Alex Albon, Albon, Haas, Kevin Magnussen, PETER, Steiner, I'm, Zak Brown, Andrea Stella, Lando Norris, Brown, Stella, wasn't, Andrea, he's Organizations: Williams Racing, Haas, Service, Netflix, Brawn, Mercedes, Constructors, Miami Grand Prix, Getty, McLaren Locations: Bahrain, Williams
Two climate activists were arrested in England after they sprayed an orange powder on the monoliths at Stonehenge in what they said was an attempt to bring attention to the climate impact of fossil fuels. The attack on the prehistoric site came on Wednesday as the stones would draw the attention of people marking the arrival of the summer solstice in the Northern Hemisphere. The organization that oversees the Stonehenge prehistoric site in England said on Thursday that it had removed the bright orange powder ahead of preparations for the important day at the site. There appeared to be no visible damage to the stones, according to Nick Merriman, the chief executive of English Heritage, a charity that manages Stonehenge. But, he said in a statement, “that’s in no way saying there hasn’t been harm, from the very act of having to clean the stones to the distress caused to those for whom Stonehenge holds a spiritual significance.”The powder was removed quickly out of fear that it could damage the rare lichen that grows on the ancient stones, or that exposure to water could turn the colored powder into streaks, potentially causing permanent damage, English Heritage said.
Persons: Nick Merriman, Organizations: Northern Hemisphere, English, Heritage Locations: England
A U.S. military jury on Thursday ordered a former Qaeda commander to a serve a 30-year prison sentence for war crimes carried out by his insurgent forces in wartime Afghanistan in the early 2000s. The military judge excused the panel from the chamber and then announced that, under a plea agreement, the prisoner’s sentence would end in eight years. The outcome was part of the arcane system called military commissions, which allows prisoners to reach plea deals with a senior official at the Pentagon who oversees the war court but requires the formality of a jury sentencing hearing anyway. Mr. Hadi, 63, was aware of the deal that reduced his sentence to 10 years, starting with his guilty plea in June 2022. It was unclear whether victims of attacks by Mr. Hadi’s forces and their family members had been told.
Persons: Abd al, Hadi al, Hadi Organizations: U.S, Pentagon Locations: Afghanistan, C.I.A
The tycoon, Ibrahim al-Organi, chairman of Organi Group, oversees a vast network of companies involved in construction, real estate and security. But it is Hala — a company that Organi Group has listed as one of its own — that has drawn the most scrutiny. Organi Group did not respond to a request for comment about why it had removed Hala from the website. Organi Group has at least eight businesses. The company lists Mr. Organi as its chairman and his son, Essameldin Organi, as the chief executive.
Persons: Ibrahim al, Hala, Organi, Essameldin Organizations: Organi Group, Organi Locations: Egyptian, Hala —, Gaza, Hala
A protection officer working for Britain’s prime minister, Rishi Sunak, was arrested over allegations he had made bets on the timing of the country’s general election, which was recently called months earlier than had been expected, the police said on Wednesday. In a statement, the Metropolitan Police, the force that covers London, said the officer had been removed from operational duties and had been arrested on Monday “on suspicion of misconduct in public office.” The force added that the officer, who was not identified by name, was free on bail “pending further enquiries.”News of the arrest came a week after Craig Williams, a Conservative lawmaker and parliamentary aide to Mr. Sunak, apologized after having placed a bet on the timing of the election before the date of July 4 was officially announced. “I put a flutter on the general election some weeks ago,” Mr. Williams, who is running for re-election in the July 4 vote, wrote on social media. He noted that the Gambling Commission, which oversees the betting industry in Britain, was making inquiries. “I confirm I will fully cooperate with these,” he said.
Persons: Rishi Sunak, Craig Williams, Sunak, , Mr, Williams, Organizations: Metropolitan Police, , Conservative, Gambling Commission Locations: London, Britain
In the late innings of a minor league game on Tuesday night at Rickwood Field in Birmingham, Ala., fans throughout the grandstand, suddenly and almost in unison, began staring at the news on their phones: The great Willie Mays had died, at 93, in California. An inning later, a tribute video played on the scoreboard overlooking the outfield where Mays played his first professional game as a teenage phenom for the Birmingham Black Barons, and the loudspeaker blared “Say Hey (the Willie Mays Song),” recorded in 1954 by the R&B group the Treniers. “I was shocked,” said Randy Ferguson, 70, a member of the Friends of Rickwood, the nonprofit organization that oversees the ancient ballpark. I can’t think of any place to be than here.”At 114 years old, Rickwood Field is the nation’s oldest professional ballpark, the first place Mays played pro ball and the last ballpark still standing that he called home. To honor the legacy of the Negro Leagues, Major League Baseball scheduled a game in Mays’s hometown between the San Francisco Giants, Mays’s old team, and the St. Louis Cardinals, that will be played on Thursday.
Persons: Willie Mays, Mays, , , Randy Ferguson Organizations: Birmingham Black Barons, Rickwood, Fame, Negro Leagues, Major League Baseball, San Francisco Giants, Louis Cardinals Locations: Birmingham, Ala, California, Cooperstown, Mays’s
Boris Epshteyn, who oversees Donald J. Trump’s sprawling legal team, pleaded not guilty to nine felony charges on Tuesday in Arizona’s election interference case, highlighting the legal risks for the advisers and allies who attempted to keep Mr. Trump in power after he lost the 2020 presidential election. Mr. Epshteyn has held onto his baseless assertions that the election was stolen and has not wavered in his support for Mr. Trump. Mr. Epshteyn appeared by telephone, and his attorney, Michael Bailey, pleaded not guilty on his behalf in a courtroom in Phoenix. An attorney for Ms. Ellis also pleaded not guilty on her behalf on Tuesday. Ms. Ellis, appearing on a video screen, stated her name and date of birth and nodded slightly as the judge read her a standard list of admonishments that she not contact any victims, witnesses or co-defendants in the case.
Persons: Boris Epshteyn, Donald J, Trump, Epshteyn, Jenna Ellis, Michael Bailey, Ellis, Ms Organizations: Mr Locations: Phoenix
A US-based lawyer who has represented accused Chinese money launderers said the tempo of law enforcement operations against the alleged launderers has increased in recent weeks as federal agents close in on “bigger fish” among Chinese money launderers in the US. None of the federal law enforcement agencies involved in tracking Chinese money launderers agreed to be interviewed on the record. Grassley and Whitehouse have each introduced legislation they say is key to closing loopholes in US law that are actively exploited by the cartels’ money launderers. Elaborate networksRecent court documents illuminate how far-flung and elaborate US-based networks of alleged Chinese money launderers are. Mirror TransactionsExperts say the Chinese money launderers have mastered the art of so-called mirror transactions, which involve a series of deposits at multiple bank accounts to conceal the drug money.
Persons: , Anne Milgram, surveil, , Don Im, Biden, HSI, Ricardo Mayoral, William Kimbell, ” Kimbell, launderers, , Sen, Sheldon Whitehouse, ” Whitehouse, Treasury Department —, Whitehouse, Christopher Wray, Joe Biden, Xi Jinping, Republican Sen, Charles Grassley, Enhua Fang, Li Pei Tan, Tan, Joe Habachy, Matthew Rothbeind, Fang, Chaojie Chen, Chen, Greg Hunter, ” David Luckey, JPMorgan Chase Organizations: CNN, Drug, Administration, Sinaloa Cartel, US Court, Central, Central District of, DEA, IRS, , Centers for Disease Control, Federal, Homeland Security, Treasury, Treasury Department, Treasury’s, Network, Homeland Security Investigations, DHS, Financial Crimes, Rhode Island Democrat, intel, Department of Homeland Security, FBI, Senate, ” CNN, White, Office of National Drug Control, Service, Biden, Republican, Grassley, Rand Corporation, of, JPMorgan Chase, Bank of America, JPMorgan, Organization Locations: California, Mexican, China, Mexico, Los Angeles, Sinaloa, Central District, Central District of California, Colombia, America, Oregon, Virginia, South Carolina, Washington, DC, North, Central America, , Iowa, North Carolina, Belize, Chinese, Georgia, Chicago, Tulsa, East Coast, Detroit , Chicago, Ohio, Western, of North Carolina, Wells Fargo
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. The firm is aiming to raise $1 billion, with Cohen himself and Point72 employees expected to contribute, the person added. He has called AI a "really durable theme" for investing, comparing the rise to the technological developments in the 1990s. I think the markets are discounting some of what we … think AI is going to do for companies," the Point72 founder said in a CNBC interview in April. Cohen said his investment firm found a way to save $25 million by using large language models such as ChatGPT to improve efficiency.
Persons: Steve Cohen, Steve Cohen's Point72, Cohen, Point72 Organizations: CNBC, Bloomberg News, Nvidia, Mets
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